Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/113267
Authors: 
von Möllendorff, Charlotte
Welsch, Heinz
Year of Publication: 
2014
Series/Report no.: 
Oldenburg Discussion Papers in Economics V-373-14
Abstract: 
Electricity from renewable sources avoids the disadvantages of conventional power generation (air pollution, greenhouse gases, nuclear risk) but often meets with local resistance due to visual, acoustic, and odor nuisance. We use representative panel data on the subjective well-being of 36,475 individuals in Germany, 1994-2012, for identifying and valuing the local externalities from wind, solar and biomass plants. While the well-being effects of wind turbines refer mainly to initial installations and tend to dissipate over time, the effects of solar and biomass plants build up gradually as their number and capacity rises. In a spatial perspective, power generation from biomass creates negative spillovers to adjacent localities that are absent in the case of wind power.
Subjects: 
renewable energy
local externality
subjective well-being
life satisfaction
nonmarket valuation
JEL: 
Q42
D62
I31
Q51
Document Type: 
Working Paper

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